Compliance Action, Volume 26, Number 11

FLOOD
Flood Insurance: Spring Reminders (2 Action Steps)

By Nancy Castiglione, CRCM

Spring showers bring May flowers...and flooding in many parts of the country! Now's a good time to break out some refresher training on flood insurance regulations and responsibilities.

LEGAL
Arbitration Clauses and Agreements (4 Action Steps)

By Nancy Castiglione, CRCM

While arbitration clauses and agreements do not generally fall under the purview of the compliance manager, knowing the current status of regulatory provisions affecting them and how they impact compliance risk is a good idea.

Action Training
Use and Reporting of Medical Information in Credit Transactions

By Nancy Castiglione, CRCM

A recent CFPB report is shining the spotlight on the issue of medical debt burden on consumers and the impact of that burden on debt collection and credit reporting practices.

Compliance Notes

• Petition the Bureau for Regulatory Action
• SSBCI Credit Demographic Reporting Requirement
• FDIC Rescinds the 45-day Extension for Annual Report Filings
• FDIC Burden Estimate for Bank Protection Act Compliance

Compliance Calendar

Editorial
Arbitration Clause Ban Aim is on Financial Institutions Again

By Nancy Castiglione, CRCM

A U.S. Senator is proposing a bill that would ban the use of arbitration clauses in consumer credit contracts by financial institutions.

FDIC
Changes to FDIC Insurance Coverage (4 Action Steps)

By Nancy Castiglione, CRCM

The FDIC has announced two changes to its FDIC Insurance Coverage Rules that impact trust accounts and mortgage servicing accounts held at insured institutions.

Compliance Online
April Fool's Day